Spanish Two-Year Notes Pare Advance as Nation Sells Securities

Spain’s two-year notes pared an earlier advance as the nation sold 2.54 billion euros of debt at an auction.

Two-year Spanish note yields were two basis points lower at 3.39 percent at 9:49 a.m. London time, after falling as much as eight basis points before the auction. Ten-year bond yields advanced three basis points to 5.85 percent.

Spain sold the two-year securities at an average yield of 3.463 percent. It auctioned the 10-year benchmark bonds at 5.743 percent, compared with 5.403 percent when it last sold them in January.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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